Des Moines First-Time Homebuyer Report for October

The population of Des Moines is shrinking slower than the rest of Washington, at a 10-year growth rate of -0.9%. It's a larger than average city compared to the rest of the state, with 29,673 residents. With a median age of 36 years, homes in Des Moines tend to be relatively old. Topping the list of best schools in the city is EnuMcLaw Sr High School.

Price Range

The median value of homes in Des Moines is $189,100, making the area almost identical to others in Washington. At the same time, the average list price of available homes is presently $420,741. In this week's report, the number of homes sold in the Des Moines market dropped to 47 over the past 30 days, a decrease of 4.1% from last week's report, but still above the monthly average.

Make sure you take a look at these eye-catching homes in Des Moines that generated the most views from potential buyers:

$3M   $126K   $589K  

Typical Dwelling

A three-bedroom detached home valued around $352,296 is considered a typical dwelling in Des Moines. If a buyer was looking for a similar home, they would need good credit and a $70,459 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,609 and the property tax rate is $10.66 per $1,000 of taxable assessed value.

Get started right now by checking out Des Moines homes for sale or reviewing Des Moines real estate trends.


Data reported through 10/13/2016

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